‘Bank of family’ to help a record number of UK house buys this year

Brothers and sisters are highly likely to want to help younger siblings, said the property company Hamptons. Photograph: Yui Mok/PA

The “bank of mum and dad”, where homebuyers rely on their parents to get a foot on the property ladder, has long been a key part of the UK housing market.

But continued pressure on budgets means other relatives including siblings are now being recruited to the cause, and this newly named “bank of family” is forecast to help finance a record number of house buys this year.